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Maryland Woman Indicted for Felony Insurance Fraud and Theft

Maryland Woman Indicted for Felony Insurance Fraud and Theft

A Maryland woman faces felony insurance fraud and theft charges after allegedly submitting fraudulent claims totaling over $180,000 to USAA.
July 23, 2024 Fraud Insurance Industry Litigation Property Maryland

NCIGF Enhances Support for Insurers

NCIGF Enhances Support for Insurers

The National Conference of Insurance Guaranty Funds (NCIGF) is bolstering its efforts to assist state guarantee funds, focusing on operational support, education, and public policy management.
July 23, 2024 Education & Training Insurance Industry Property Risk Management

Inflation Continues to Lead Insurers’ Concerns

Inflation Continues to Lead Insurers’ Concerns

Despite cooling predictions, inflation remains the primary concern for insurance executives worldwide for the third consecutive year, according to the International Insurance Society's annual survey.
July 23, 2024 Insurance Industry Property Risk Management Technology Florida

Insurance Adjusters Face Overwhelming Workload Challenges

Insurance Adjusters Face Overwhelming Workload Challenges

Adjusters in the insurance industry, particularly those working in property claims, are expressing significant frustration and burnout due to overwhelming workloads and unrealistic expectations.
July 22, 2024 Auto Catastrophe Insurance Industry Workers' Compensation Minnesota

Two Russian Nationals Plead Guilty in LockBit Ransomware Case

Two Russian Nationals Plead Guilty in LockBit Ransomware Case

Ruslan Astamirov and Mikhail Vasiliev admitted their roles in deploying the LockBit ransomware, leading to over 2,500 attacks and $500 million in ransom payments, marking a significant step in combating the notorious hacking group.
July 22, 2024 Fraud Litigation Technology Arizona Florida New Jersey Virginia

Increasing Risk in Sensitive Data Communications: Kiteworks 2024 Report

Increasing Risk in Sensitive Data Communications: Kiteworks 2024 Report

The 2024 Kiteworks report highlights the rising risks associated with the proliferation of communication tools, data exchanges with third parties, and inadequate governance, emphasizing the urgent need for enhanced data security and compliance measures.
July 22, 2024 Insurance Industry Litigation Risk Management Technology California

Pennsylvania Introduces Regulatory Changes for Surplus Line Licensees and Policyholder Incentives

Pennsylvania Introduces Regulatory Changes for Surplus Line Licensees and Policyholder Incentives

Pennsylvania's latest insurance regulations allow surplus line licensees to charge service fees and offer enhanced nonmonetary gifts to policyholders, improving transparency and market dynamics.
July 22, 2024 Excess & Surplus Lines Insurance Industry Legislation & Regulation Risk Management Pennsylvania

Policyholders Prepare Claims Post CrowdStrike Outage

Policyholders Prepare Claims Post CrowdStrike Outage

Policyholders are preparing to file claims after a CrowdStrike outage, which was confirmed to be a non-cyberattack caused by a software update issue.
July 22, 2024 Insurance Industry Risk Management Technology

Mulch: An Overlooked Fire Hazard in California’s Landscaping

Mulch: An Overlooked Fire Hazard in California’s Landscaping

In wildfire-prone California, mulch can inadvertently create a fire hazard, prompting homeowners to consider safer landscaping alternatives.
July 22, 2024 Catastrophe Insurance Industry Property Risk Management California

Balancing Technology and Human Touch in Insurance Fraud Detection

Balancing Technology and Human Touch in Insurance Fraud Detection

Technology aids in spotting insurance fraud, but human expertise remains crucial to ensure accuracy and maintain consumer trust.
July 22, 2024 Fraud Insurance Industry Risk Management Technology

California Insurance Commissioner Calls for In-Depth Analysis of Silicosis Workers’ Compensation Claims

California Insurance Commissioner Calls for In-Depth Analysis of Silicosis Workers’ Compensation Claims

California Insurance Commissioner Ricardo Lara has requested a comprehensive study from the WCIRB on workers' compensation claims for silicosis, aiming to better understand and support affected workers.
July 22, 2024 Insurance Industry Legislation & Regulation Life & Health Workers' Compensation California

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Gulf Coast Disasters 2020-2021: Impacts and Lessons

Exploring the compounded impacts of multiple disasters on Gulf Coast communities from 2020 to 2021 and the lessons learned to enhance future resilience.
July 22, 2024 Catastrophe Life & Health Property Risk Management Alabama Florida Louisiana Mississippi Texas

Independent Agents Ensure Safe Summer Celebrations for Homeowners

Independent Agents Ensure Safe Summer Celebrations for Homeowners

Independent agents play a crucial role in helping clients find the right home insurance policies and sharing essential safety tips, especially during summer.
July 19, 2024 Education & Training Insurance Industry Liability Risk Management

Microsoft Cloud Outage Highlights Cyber Insurance Challenges

Microsoft Cloud Outage Highlights Cyber Insurance Challenges

The recent Microsoft Cloud outage is expected to drive significant business interruption claims, challenging the cyber insurance industry, particularly specialist insurer Beazley.
July 19, 2024 Insurance Industry Risk Management

Pennsylvania Dental Office Employee Admits to Stealing $35,000

Pennsylvania Dental Office Employee Admits to Stealing $35,000

An administrative assistant admitted to stealing over $35,000 from an Adams County dentist's office, forging insurance claims, and depositing checks into her personal account, according to court documents.
July 19, 2024 Fraud Insurance Industry Litigation Risk Management Pennsylvania
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